|Competitive China Still Top Spot for Investments|
China remains the world's top destination for foreign investments as the country still holds many competitive edges, a research report revealed yesterday.
Steadily expanding domestic market, improving competition environment, technology talents, government's stimulus measures, cheap labor, and favorable tax policies are among the major attractions for foreign investments, according to a report jointly released by China Development Research Foundation and PricewaterhouseCoopers.
Citing results from a survey on 227 CEOs from multinational companies, the report said 70 percent of those who had businesses in China plan to increase their investments in the coming five years.
The report found companies saw enhancing transparency as vital for a fair competition environment, and most of them believed China is changing its stance positively.
Although China's position at the top remained unchanged, other emerging economies, including India, Brazil, Turkey and some African countries, are catching up quickly, the report said.
As potential destinations become more diversified, MNCs become more cautious in making their choices, challenging China's top spot, according to the report.
Latest official data showed foreign direct investment into China totaled US$8.21 billion in February, up 6.32 percent year on year.
The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances.
Published on our website on March 21, 2013